FOXA

Twenty - First Century Fox Inc.

TMT


Presented:01/16/2014
Price:$N/A
Cap:$74.10B
Current Price:$41.83
Cap:$19.17B

Presented

Date01/16/2014
Price$N/A
Market Cap$74.10B
Ent Value$88.55B
P/E Ratio8.3x
Book Value$9.29
Div Yield0.9%
Shares O/S2,281.80M
Ave Daily Vol10,610,000
Short Int2.17%

Current

Price$41.83
Market Cap$19.17B
Twenty-First Century Fox, Inc. operates as a diversified media and entertainment company worldwide. The company’s Cable Network Programming segment produces and licenses news, business news, sports, general entertainment, and movie programming for distribution through cable television systems, direct broadcast satellite operators, and telecommunications companies primarily in the United States, Latin America, Europe, and Asia. Its Television segment is involved in the broadcasting of network programming in the United States; and the operation of 28 broadcast television stations, including 10 duopolies in the United States, which consist of 18 stations affiliated with the FOX Broadcasting Company and 10 stations affiliated with Master Distribution Service, Inc. The company’s Filmed Entertainment segment produces and acquires live-action and animated motion pictures for distribution and licensing in various formats and entertainment media, as well as produces and licenses television programming worldwide. Its Direct Broadcast Satellite Television segment distributes basic, premium, and pay-per-view programming services via satellite, cable, and broadband directly to subscribers in Italy, Germany, and Austria. The company was formerly known as News Corporation. Twenty-First Century Fox, Inc. is headquartered in New York, New York.

Highlights

Fox has been among the poorer performing media stocks amid the broad media sell-off of recent months, making shares uniquely attractive at current levels. Investors have been concerned about estimates coming down across the group on weaker broadcast ratings and scatter declines in Q4, but with the Olympics fast approaching and a number of data points suggesting the advertising market rebounded entering Q1, the presenter thinks those concerns are overstated. Investors have been likewise concerned about the ultimate outcome of the Aereo SCOTUS case, but with broadcasting constituting less than 20% of EBITDA, downside would appear limited for Fox. 

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